Press Release: Russo and Steele Monterey Featured Car

Written by Auction News

Monterey, CA. Russo and Steele Collector Automobile Auctions will offer another historically important Shelby factory Cobra racecar at their August 20th “Sports and Muscle at the Marriott” auction in Monterey, CA. This is the second Factory Team racecar offered in 2005 by the Scottsdale-based company, and it will be sold at NO RESERVE!

Shelby Cobra chassis CSX2138 was one of three 1963 competition Cobras raced by Shelby American, and one of eight 289 factory racers ever produced. It was built to LeMans specifications, and originally raced with a hard top for the Shelby American team by racing legend Dave McDonald. It is one of two such cars remaining. It has an illustrious racing history, including Sebring and Nassau Island in 1964. It is the most extensively raced Cobra ever, appearing on the racing circuit regularly from 1963-1979. It made several National Championship appearances and scored many significant victories. In addition, this outstanding example has been immaculately restored, and is expected to garner in excess of $1,000,000.00.

At their January sale in Scottsdale, Russo and Steele sold a similar competition Cobra for a staggering 2.1 million dollars. Competition Cobras continue to be one of the most desirable cars for collectors and vintage racers alike, and values continue to escalate.

Russo and Steele will also offer a fully restored Mercedes 300SL, several important Ferraris, American Musclecars , Hot Rods and Customs all at NO RESERVE. The one-night auction starts at 5pm on Saturday, August 20th at the Marriott Hotel in downtown Monterey. A free preview is open to the public on August 19th and 20th from 10am-5pm. The sale is concurrent with the Monterey Historic Automobile Races, Concorso Italiano and the Pebble Beach Concours d’Elegance.

For more information, to obtain a bidders credential, or to inquire about consigning an automobile, please visit www.russoandsteele.com.